Wintech Nano (Suzhou) Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	143.3	142.57	112.62	169.78	269.66	277.28
Trading Asset Securities	3.62	3.6	0.31	30.15	50.96	30.16
Cash & Short-Term Investments	146.92	146.17	112.94	199.93	320.62	307.44
Cash Growth	-60.78%	29.43%	-43.51%	-37.64%	4.29%	178.59%
Accounts Receivable	155.98	146.83	104.63	79.46	75.44	43.37
Other Receivables	3.4	3.14	26.57	24.91	26.76	17.56
Receivables	159.38	149.97	131.2	104.36	102.2	60.93
Inventory	49.65	46.54	23.19	20.33	21.11	10.2
Other Current Assets	85.03	73.13	2.73	2.76	5.73	6.11
Total Current Assets	440.98	415.82	270.06	327.39	449.66	384.68
Property, Plant & Equipment	1,438	1,456	1,161	818.66	532.5	300.04
Long-Term Investments	20	14	-	-	-	-
Other Intangible Assets	33.02	33.36	7.85	8.36	8.73	8.83
Long-Term Deferred Tax Assets	18.48	17.04	11	7.34	6.42	4.09
Long-Term Deferred Charges	25.02	26.45	41.41	34.88	21.47	24.52
Other Long-Term Assets	20.96	10.2	0.98	10.6	3.26	18.96
Total Assets	1,997	1,973	1,492	1,207	1,022	741.11
Accounts Payable	100.08	177.72	153.26	65.01	30.25	17.78
Accrued Expenses	23.13	25.21	13.98	18.5	15.08	9.61
Short-Term Debt	40.02	20.01	49.93	70.05	81.89	84.3
Current Portion of Long-Term Debt	131	124.82	83.52	74.29	46.78	18.3
Current Portion of Leases	-	-	14.74	13.42	9	12.89
Current Income Taxes Payable	3.46	4.51	1.02	5.99	-	-
Current Unearned Revenue	26.75	3.21	1.43	1.44	1.73	1.93
Other Current Liabilities	4.48	3.44	2.27	2.62	13.79	1.67
Total Current Liabilities	328.94	358.93	320.15	251.31	198.52	146.48
Long-Term Debt	728.87	678.71	502.52	362.4	316.77	121.34
Long-Term Leases	23.16	25.55	41.44	52.37	36.33	39
Long-Term Unearned Revenue	20.53	21.69	22.03	19.46	15.56	6.1
Total Liabilities	1,101	1,085	886.14	685.55	567.18	312.92
Common Stock	403.31	403.31	362.98	362.98	362.98	359.59
Additional Paid-In Capital	299	298.33	39.22	35.95	32.61	2.67
Retained Earnings	187.64	180.22	198.6	117.42	56.88	66.3
Comprehensive Income & Other	5.49	6.18	5.16	5.32	2.39	-0.36
Shareholders' Equity	895.44	888.04	605.97	521.68	454.87	428.2
Total Liabilities & Equity	1,997	1,973	1,492	1,207	1,022	741.11
Total Debt	923.06	849.09	692.15	572.53	490.76	275.83
Net Cash (Debt)	-776.14	-702.92	-579.21	-372.6	-170.14	31.6
Net Cash Growth	-	-	-	-	-	667.00%
Net Cash Per Share	-1.96	-1.82	-1.60	-1.02	-0.47	0.09
Filing Date Shares Outstanding	402.9	403.31	362.98	362.98	362.98	343.79
Total Common Shares Outstanding	402.9	403.31	362.98	362.98	362.98	343.79
Working Capital	112.04	56.89	-50.09	76.08	251.13	238.2
Book Value Per Share	2.22	2.20	1.67	1.44	1.25	1.25
Tangible Book Value	862.42	854.68	598.12	513.32	446.14	419.37
Tangible Book Value Per Share	2.14	2.12	1.65	1.41	1.23	1.22
Buildings	-	-	113.53	-	-	-
Machinery	-	-	777.99	613.69	502.37	213.98
Construction In Progress	-	-	523.94	362.38	129.89	95.12

Source: S&P Global Market Intelligence. Standard template. Financial Sources.